Author: Seoul Reporter

The Seoul Reporter is an independent news platform uncovering untold stories from the heart of Korea. Our team of journalists and contributors expose corruption, highlight innovation, and bring unfiltered truth to readers worldwide from Seoul’s power corridors to its underground culture.

[ad_1] AI (Synthetic Intelligence) letters are positioned on pc motherboard on this illustration taken, June 23, 2023. REUTERS A survey has discovered that generative synthetic intelligence (AI), which has just lately emerged as a key enterprise software, reduces workers’ working hours by a median of 8.4 hours per week. Nonetheless, with solely 13.6% of all workers discovered to be extremely proficient customers of generative AI, there are requires accelerating efforts to reinforce AI utilization capabilities to spice up productiveness results. On Jan. 28, the Korea Chamber of Commerce and Business (KCCI) Sustainable Development Initiative…

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[ad_1] Hyundai Mobis CI (Picture courtesy of Hyundai Mobis) Hyundai Mobis introduced on Jan. 28 that it achieved consolidated gross sales of 61.1181 trillion received and working revenue of three.3575 trillion received final 12 months. These figures symbolize will increase of 6.8% and 9.2%, respectively, in comparison with the earlier 12 months, each report highs. On a fourth-quarter foundation, the corporate achieved gross sales of 15.3979 trillion received and working revenue of 930.5 billion received. In comparison with the identical interval final 12 months, gross sales elevated by 4.7%, however working revenue decreased by 5.6%. …

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[ad_1] BTS member V / Captured from HYBE LABEL’s YouTube channelClick on right here for extra articles by Kormedi.com.Whereas busy making ready for BTS’ upcoming comeback, V has shared an surprising replace on his life: He has turn out to be a “plant mum or dad.”On Sunday, V posted a video on social media with the caption, “Between making ready for the album and elevating crops, I’ve been operating round like loopy.” He additionally used the phrase “sikrini,” a Korean portmanteau combining “plant” and “baby” to explain a novice at rising crops.Within the video, V seems in his pajamas at…

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[ad_1] President Lee Jae Myung, proper, speaks throughout a Cupboard assembly on the presidential workplace Cheong Wa Dae in Seoul, Tuesday. Joint Press CorpsPresident Lee Jae Myung on Wednesday proposed the thought of imposing a “sugar levy” to assist curb sugar consumption and bolster public well being care funding, citing the same levy on tobacco.Lee made the comment on X, previously Twitter, as he posted a information article citing a survey that confirmed round eight in 10 Koreans supported a sugar tax that will impose a levy on corporations that use extreme quantities of sugar of their merchandise.”Identical to cigarettes,…

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[ad_1] Science Minister Bae Kyung-hoon speaks throughout a gathering in Jeonju, North Jeolla Province, Monday. Courtesy of the Ministry of Science and ICT The federal government plans to spend as much as 2.4 trillion received ($1.67 billion) this yr to advertise synthetic intelligence (AI) transformation throughout public sectors starting from protection to agriculture.The plan was unveiled at a gathering of science-related ministers chaired by Science Minister Bae Kyung-hoon, with the funds set to be distributed to 33 authorities businesses, in keeping with the Ministry of Science and ICT.The quantity marks a fivefold improve from final yr, it added.Intimately, Seoul will…

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[ad_1] Merchants work contained in the dealing room of Hana Financial institution in central Seoul, Wednesday. Yonhap Korean shares have been buying and selling sharply increased late Wednesday morning, boosted by positive aspects in semiconductors, auto and bio shares, and are set for a brand new excessive.The benchmark Korea Composite Inventory Worth Index (KOSPI) rose 72.91 factors, or 1.43 p.c, to five,157.76 as of 11:20 a.m.Most large-cap shares have been buying and selling increased after U.S. President Donald Trump’s conciliatory remarks on a commerce take care of South Korea bolstered investor confidence.Market top-cap Samsung Electronics superior 1.5 p.c, whereas its…

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[ad_1] Finance Minister Koo Yun-cheol speaks throughout a gathering of economy-related ministers on the authorities advanced in Seoul, Wednesday. YonhapFinance Minister Koo Yun-cheol mentioned Wednesday that the federal government will “actively” clarify to america its dedication to implementing the nations’ commerce settlement amid renewed considerations over potential tariff hikes.Koo’s remarks got here after U.S. President Donald Trump introduced plans to boost “reciprocal” tariffs and different duties on Korea to 25 p.c from 15 p.c, citing delays in Seoul’s legislative course of associated to the settlement.”Going ahead, we are going to proceed to speak and cooperate intently with the Nationwide Meeting…

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[ad_1] BTS member V / Captured from HYBE LABEL’s YouTube channelClick on right here for extra articles by Kormedi.com.Whereas busy making ready for BTS’s upcoming comeback, V has shared an surprising replace on his life: He has change into a “plant mum or dad.”On Sunday, V posted a video on social media with the caption, “Between making ready for the album and elevating vegetation, I’ve been working round like loopy.” He additionally used the phrase “sikrini,” a Korean portmanteau combining “plant” and “youngster” to explain a novice at rising vegetation.Within the video, V seems in his pajamas at dwelling, gently…

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[ad_1] Korean Sport & Olympic Committee President Ryu Seung-min / Yonhap The highest nationwide sports activities physique stated Wednesday it’s taking a latest collection of race-fixing allegations in snowboarding “very significantly” and it’s absolutely cooperating with the continuing investigation.The Korean Sport & Olympic Committee (KSOC) additionally vowed a stern disciplinary measure if any unlawful or unfair acts are confirmed.The KSOC issued an announcement in response to allegations first reported by an area newspaper earlier this month. The report first alleged {that a} ski cross coach ordered an athlete to deliberately intervene with different skiers in order that the athletes coaching…

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[ad_1] Flags raised forward of Coupang’s IPO in entrance of the New York Inventory Alternate constructing on Mar. 11, 2021. YonhapSEATTLE — Senior Republicans are casting the Trump administration’s determination to boost tariffs on Korean items as retaliation for Seoul’s dealing with of the Coupang, highlighting how regulatory disputes involving U.S. corporations abroad are more and more spilling into commerce coverage.The remark got here from the official X account of Home Judiciary Republicans, chaired by Rep. Jim Jordan, which stated Tuesday that “that is what occurs while you unfairly goal American corporations like Coupang,” following the tariff announcement. The submit…

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